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Cable Update (GBPUSD)

  • #291,941
  • Nov 4, 2011 6:24pm Nov 4, 2011 6:24pm
  •  bialy
  • | Joined Sep 2010 | Status: forex makes me alcoholic :) | 42 Posts
EuroNews: Greek PM George Papandreou has won the confidence vote in parliament 153/145
it's time for scenarios for next week /gu,eu/
btw: i'm no posting, but always reading
H4 chart
Attached Image (click to enlarge)
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  • #291,942
  • Edited 10:37pm Nov 4, 2011 6:24pm | Edited 10:37pm
maybe this is the reason
US and Britain avert 'currency war' by securing agreement with China to let yuan rise in value

aniway i am still stay away from sterling, till more drop or clear stay above 605x . Technically using quarter candle 6000-6050 is forbidden area for me

What i see in GU : here
happy weekend to you all

***meanwhile hit and run in euro usd in both position.

Quoting nAVIN2007
weekly is bearish but 1.60 needs to go and thats support for sure
the problem is both USD and also pound is gaining strength the factor which will determine is euro resolution..

still see 1.65 in this month
not euphoria follower
  • #291,943
  • Nov 5, 2011 3:42am Nov 5, 2011 3:42am
Quoting kaspopsicle
My point exactly. Why post signals, up, down or sideways. Why do you have to learn through posting what you think will happen, looking for feedback, rather than posting a chart with analysis (un biased )
So many have posted with arrogance,while they are in fact absolute beginners,( i could list several who are now 10v+) in an attempt to gain approval and confidence to enter a trade.
And then there are the scammers who'll call a shout (with no chart back up worth mentioning)hoping to find their followers from the people who have failed , perhaps...
i dont uderstand very well what you are trying to say to me: as i said before i posted that GU was going to print new high. i did coz it was in resistance area but was clearly showing me a strong pressure up to go upper. thats all. my hope was to alert people to wait to pick short. maybe i posted too late: you know, pick the position, save image, open page, write, attach etc requires some minutes..

here in this thread actually is very few people which have a bit of an idea of actual pattern of GU and personally i dont need to know if mine is better than yours or yours better than mine or things like these, since i never saw your statement (and i dont want to see it!) and you never saw my statement (i will never post it). this is not a championship, and winners have not champagne bottles here.i think people are smart enough to understand that is not the 1v or 5v or 10v which makes the difference between everyone, and that makes no sense many other things happening (like tis discuss for ex.)

now, about me here i learnt a lot of things and many other things confused me, like everyone but you should know that my trading started long time before i was here.

im always very careful on what i write. i put my face in my posting! if you want i could put also my phone number
sometimes i ask, some other times i get good talks with other traders, some times i share my doubts and sometimes i have wrong levels or correct levels in wrong time (you see the 5870?!), but always searching to improve my strategy. market always changes and we must be very dynamic people to trade in forex.

i feel you talking to me in a way i dont like, i feel like you attack me for some misterious reasons. im not arrogant person, im not a scammer, im not someone who trade with a demo account just for hobby or something like that. i dont intimate anybody and if i did was completely out of my intentions and could be due to my "poor" english.
what happens in this thread is thousands times better than every shitty well known website with hundreds of so called analyzers, forecasters, signal providers etc... and im small part of it together with other people.

a lot of times when i write here something, nobody (also you) didnt posted yet. when people post something good im always ready to thank him/her if i find it helpful. this happens because i think people will find help here like i did in the past, and surely not because im arrogant and i need to say "hey, i know the thruth!"

thats all.
i hope now you (and everyone who reads) know something more about me
90% of traders use TA, indicators and prediction
  • #291,944
  • Nov 5, 2011 5:08am Nov 5, 2011 5:08am
Well, I do not hold out much hope of a modern-day Guy Fawkes doing us all a favour this evening, and so instead have played with a few charts for Cable.
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Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #291,945
  • Nov 5, 2011 5:15am Nov 5, 2011 5:15am
These charts of the monthlies for UC, EC and UJ are interesting to observe in order to see possible longer-term move correlations.
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Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #291,946
  • Nov 5, 2011 6:12am Nov 5, 2011 6:12am
View of G/U
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  • #291,947
  • Nov 5, 2011 11:57pm Nov 5, 2011 11:57pm
GBP/USD – Bias (W1): Bullish + Cautious; Bias (D1): Bullish + Retracement; Bias (Overall): Bullish + Cautious

http://lcchong.files.wordpress.com/2...ng?w=837&h=380

http://lcchong.files.wordpress.com/2...ng?w=837&h=382
  • #291,948
  • Nov 6, 2011 12:54pm Nov 6, 2011 12:54pm
Quoting clc4x
GBP/USD – Bias (W1): Bullish + Cautious; Bias (D1): Bullish + Retracement; Bias (Overall): Bullish + Cautious


looking that particular angle of trendline you drawn in weekly chart i noticed it corresponding exactly to a fibofan.
actually the 6150 and 6170 peaks happened at 50% of that fibofan.

thank you!
90% of traders use TA, indicators and prediction
  • #291,949
  • Nov 6, 2011 1:07pm Nov 6, 2011 1:07pm
Quoting nAVIN2007
what a crazy day just back from work and it didnt move

weekly candle is bearish but euro bs is around..if today isnt giving a direction damn what will??


Attached Image (click to enlarge)
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doubt you will get any clear direction within this junkyard for tls, however this type of situation does make for many intraday entries north and south



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... other consideratios for market sentiment this coming week
  • #291,950
  • Nov 6, 2011 1:23pm Nov 6, 2011 1:23pm
Quoting redsword11
Attachment



also got this headbanger south



closed most of it

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also, the EG influence on cable, its bound within a bearflag which tends to suggest a choppy cable too
  • #291,951
  • Nov 6, 2011 3:29pm Nov 6, 2011 3:29pm
Quoting redsword11
Attachment

doubt you will get any clear direction within this junkyard for tls, however this type of situation does make for many intraday entries north and south



Attachment
Attachment



... other consideratios for market sentiment this coming week
lovely charts buddy
  • #291,952
  • Nov 6, 2011 3:56pm Nov 6, 2011 3:56pm
will some body explain to me
what the hell market is still close,
dukascopy close,
alpari UK close,
FXCM close,
IBFX close,
MB trading close

all live accounts

am i missing anything here???????????

Younas.
Don't compare your Trades with Others
  • #291,953
  • Nov 6, 2011 4:00pm Nov 6, 2011 4:00pm
but exness open
Quoting DubaiFX
will some body explain to me
what the hell market is still close,
dukascopy close,
alpari UK close,
FXCM close,
IBFX close,
MB trading close

all live accounts

am i missing anything here???????????

Younas.
not euphoria follower
  • #291,954
  • Nov 6, 2011 4:03pm Nov 6, 2011 4:03pm
Quoting DubaiFX
will some body explain to me
what the hell market is still close,
dukascopy close,
alpari UK close,
FXCM close,
IBFX close,
MB trading close

all live accounts

am i missing anything here???????????

Younas.

I think the US's went onto Winter time so they've put there clocks back 1 hour so markets will start 1 hour later.

Which matches with the UK's time again.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #291,955
  • Nov 6, 2011 4:03pm Nov 6, 2011 4:03pm
Check the News, Cad and USD have both done it.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #291,956
  • Nov 6, 2011 6:04pm Nov 6, 2011 6:04pm
Quoting _BBKing_
i dont uderstand very well what you are trying to say to me: as i said before i posted that GU was going to print new high. i did coz it was in resistance area but was clearly showing me a strong pressure up to go upper. thats all. my hope was to alert people to wait to pick short. maybe i posted too late: you know, pick the position, save image, open page, write, attach etc requires some minutes..

here in this thread actually is very few people which have a bit of an idea of actual pattern of GU and personally i dont need to know if mine is better...
Good... so you're not going to suggest up, down and sideboards in the space of 2 hours again,. i hope. Dont want to drag your posts up BUT that is what you did just before and after LO close Fri. Why not just post a chart with clear lines of probability/possibility? And on a Fri NFP make it clear that your trading ideas should not be followed ( as at all times) over the weekend. Gapping after NFP can be significant without the current fundermental situation. I posted in a significant manner as an alert for newbs. Deeply sorry that you have taken it personally. More sorry for newbs that might have followed your disparate posts.
All systems of divination, like music itself,work through patterns.
  • #291,957
  • Nov 6, 2011 11:22pm Nov 6, 2011 11:22pm
Quoting Geene
Buying gold..again..risk aversion

Good morning.
Trader from Croatia
  • #291,958
  • Nov 6, 2011 11:40pm Nov 6, 2011 11:40pm
good morning, i am new to this, still trying very hard learn how to trade, if anyone could advise and assist will be appreciated, TQ
  • #291,959
  • Nov 6, 2011 11:57pm Nov 6, 2011 11:57pm
Plan A Or Plan B
who will push the button ?
Attached Image
not euphoria follower
  • #291,960
  • Nov 6, 2011 11:59pm Nov 6, 2011 11:59pm
[quote=_BBKing_;5104862]what happens in this thread is thousands times better than every shitty well known website with hundreds of so called analyzers, forecasters, signal providers etc... and im small part of it together with other people.

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